Teacher Retirement System of Texas Acquires 15,011 Shares of Markel Group Inc. (NYSE:MKL)

Teacher Retirement System of Texas boosted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 967.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,563 shares of the insurance provider's stock after purchasing an additional 15,011 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Markel Group worth $28,592,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Markel Group in the third quarter worth approximately $31,000. Larson Financial Group LLC purchased a new stake in Markel Group in the third quarter worth about $36,000. SBI Securities Co. Ltd. bought a new position in shares of Markel Group in the fourth quarter worth about $36,000. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group during the 4th quarter valued at about $37,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Markel Group during the 4th quarter valued at approximately $41,000. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the company's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now owns 64,868 shares in the company, valued at $120,446,902.40. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 over the last 90 days. 1.71% of the stock is owned by insiders.

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Markel Group Price Performance

Shares of MKL stock traded down $6.16 during trading hours on Tuesday, hitting $1,863.65. The stock had a trading volume of 54,380 shares, compared to its average volume of 45,785. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 9.36 and a beta of 0.82. The stock's 50-day moving average price is $1,856.87 and its two-hundred day moving average price is $1,721.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MKL. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $1,702.20.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.